Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
In a relief to former Mumbai police officer Pradeep Sharma, the Supreme Court on Monday said he need not surrender till further orders to undergo the life term awarded to him in a 2006 fake encounter case.
Rajan, 57, who was RBI governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.
The process for deportation of underworld don Chhota Rajan has begun even as India and Indonesia are to expedite the work on implementation of an extradition treaty.
The court said that Rajan suspected that J Dey was working for Dawood Ibrahim and the journalist was showing him in a poor and weak position.
This will also help test the effectiveness of preventing the entry of Nipah in target cells.
There were two questions everyone wanted to know the answer to. 1. Did Raghuram Rajan advise the Congress on the much-discussed NYAY scheme, as claimed by Rahul Gandhi? 2. Will Raghuram Rajan become India's next finance minister?
If we persist in talk and little action, I think we will slip. I fear the consequences of sustained slow growth. We need strong, sustained, clever action today, Rajan said.
...but when they awaken, it's going to be overly optimistic to assume everybody will walk off the sleeping bed and come back to full life, Rajan noted.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
The Tamil Nadu assembly on Friday once again passed a unanimous resolution urging the Centre to exempt the state from National Eligibility-cum-Entrance Test and allow it to admit students to medical courses based on Plus Two exam marks.
Former Mumbai police officer Pradeep Sharma has moved the Supreme Court challenging the Bombay high court verdict convicting and sentencing him to life imprisonment in a 2006 fake encounter case.
With the Lok Sabha elections going on, May is rather silent when it comes to new Bollywood theatre releases.
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
Many exit polls have kept the incumbent Bharatiya Janata party ahead of the Congress in what was a straight contest between two main parties. Assembly polls were held in the state in a single phase on November 17.
A resurgent Royal Challengers Bengaluru will look for their fourth consecutive victory when they face an unpredictable Punjab Kings as the two sides fight for survival in the Indian Premier League, in Dharamsala on Thursday.
Calling Rajan "no less patriotic", he virtually ticked off Swamy saying "if anybody considers himself above the system then it is wrong".
Royal Challengers Bengaluru's fairytale resurgent run will be up against the might of five-time champions Chennai Super Kings and the weather gods when the two sides clash in an epic do-or-die match to decide the fourth and final team for the IPL play-offs, in Bengaluru on Saturday.
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
What once used to be a hut in this village in Faltan tehsil of Satara district in western Maharashtra has been replaced by a mansion, the best in the vicinity.
Illicit liquor, narcotic drugs, cash, precious metals, gold, silver, jewellery and other materials worth about Rs 339.95 crore have been seized by the joint team of Flying Surveillance Team (FST), Static Surveillance Team (SST) and police, he said.
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
Rajasthan Royals will face a stern test of character as they look to arrest a shocking slide in a do-or-die IPL Eliminator against an in-form RCB.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only produced in Jaguar Land Rover's Solihull plant in the UK and then exported to around 121 markets globally, including India.
When the team later reached the flat where they were staying, Chhota Rajan asked them to leave immediately, saying the operation was leaked to Dawood Ibrahim.
At the Mumbai launch of his latest book, The Third Pillar: How Markets And States Leave The Community Behind, former RBI governor Raghuram Rajan served up an interesting mix that included Taylor Swift, Donald Trump, privileged families and a strong dose of commonsense economics.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
Raghuram Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
RBI Governor Raghuram Rajan's decision to not seek a second term is a "personal one" which everybody should respect, Chanda Kochhar MD & CEO, ICICI Bank said.
The dealers operating in the space have jumped nearly three times over the past two years.
Traditionally, food prices have been seasonal in nature.
Sunrisers Hyderabad will look to unleash their brute batting power on struggling Royal Challengers Bengaluru when the two teams face off in their return-leg fixture of the IPL in Hyderabad on Thursday.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
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